August 17, 2013

Weekly Pulse - 17 Aug, 2013

Markets on weekly basis ended lower by over 1% in the shortened week, after fresh measures initiated by the RBI failed to contain the fall and talk of restrictions imposed on capital inflows.Furthermore, improved US economic data raised fears of US Fedrals might start scaling down its stimulus measures, which would encourage FII to trim their holdings in Indian markets. The S&P BSE Sensex lowered by 191 points or 1% to clos at 18,598 while CNX Nifty fell by 58 points or 1% to close at 5,508.

Among the sectoral indices on weekly basis, Auto, Healthcare, Metal and Realty indices managed to close positive gaining between 1-4%. Consumer Durables, Bankex, Capital Goods and Oil & Gas indices slipped between 2-5%, PSU and FMCG declining by near 1% while IT index closing marginally lower by 0.10%.

Major index gainers for the week were, Tata Motors up 12%, Tata Steel ended up 8%, Hero MotoCorp and Baja Auto gaining by 3.5-7%, Jindal Steel and Hindalco Inds gained over 2-7%.

Major index losers for the week were, BHEL crashing down by over 10%, L&T fell by 3%, Reliance Industries and ONGC losing by 0.5-5%, SBI, HDFC Bank and ICICI Bank declining between 2-9%.

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